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McDermott CEO: CB&I merger looks even better today than last year

Joshua Mann
McDermott CEO: CB&I merger looks even better today than last year

A year out from the merger with Chicago Bridge & Iron, McDermott International Inc.’s (NYSE: MDR) top executive is still happy with the deal. If anything, the strategic rational behind the $6 billion merger is even stronger today than it was at the time, said David Dickson, president and CEO of McDermott. McDermott has also taken steps toward some new opportunities in liquefied natural gas despite some “negative surprises” in that sector after the merger, Dickson said.